CRT Capital to Offer Currency Trading to Expand Client Services

Dec. 10 (Bloomberg) -- CRT Capital Group LLC, an
institutional broker-dealer based in Stamford, Connecticut, said
it will offer foreign-exchange trading to complement its range
of client services.

Seth Garrett, Klaus Said and Alan Stuart were hired to run
the business, which will be based in New York and clear
transactions through a prime-brokerage agreement with Citigroup
Inc., according to a CRT statement today. Said worked as head of
markets at Standard Bank Group Ltd. prior to joining CRT, while
Garrett ran the foreign-exchange group at Standard Americas and
Stuart served as co-headed institutional currency sales at
Societe Generale SA.

CRT provides brokerage and research service to over 1,350
institutional accounts worldwide, primarily to asset managers,
insurance companies, pension funds, hedge funds and investment
firms. Formally known as Credit Research and Trading LLC, the
company was founded in 1989.